Show cause notice framework for service providers after inspection or investigation when prima facie grounds for action arise. Show cause notice may be issued to a service provider where, after inspection or investigation under section 218 or on the basis of material on record, the Board forms a prima facie opinion that sufficient cause exists to take action under section 220. The notice is to be issued in the manner and within the reply period specified. The provision now applies to service providers and was substituted from an earlier form covering insolvency professional agencies, insolvency professionals and information utilities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Show cause notice framework for service providers after inspection or investigation when prima facie grounds for action arise.
Show cause notice may be issued to a service provider where, after inspection or investigation under section 218 or on the basis of material on record, the Board forms a prima facie opinion that sufficient cause exists to take action under section 220. The notice is to be issued in the manner and within the reply period specified. The provision now applies to service providers and was substituted from an earlier form covering insolvency professional agencies, insolvency professionals and information utilities.
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